Carriage services announces record first quarter results

Houston, april 21, 2021 (globe newswire) -- carriage services, inc. (nyse: csv) today announced results for the first quarter ended march 31, 2021. mel payne, chairman and ceo, stated, “we had a record first quarter performance in four of five operating and financial reporting segments to start 2021, as total revenue increased $19.1 million or 24.7% to $96.6 million, field ebitda increased $15.7 million or 52.1% to $45.8 million, adjusted consolidated ebitda increased $11.8 million or 51.7% to $34.7 million, adjusted free cash flow increased $14.5 million or 115.3% to $27.1 million, and adjusted diluted eps increased $0.46 or 131.4% to $0.81 compared to $0.35 in 2020. our field margins in all five segments continued to be extraordinarily high compared to 2020, reflected by a total field ebitda margin of 47.4%, up 860 basis points, adjusted consolidated ebitda margin of 35.9%, up 640 basis points, and adjusted free cash flow margin of 28.1%, up 1,180 basis points.
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